Global automotive manufacturer to invest in Bulgaria

A new investor, a global manufacturer in the automotive industry, has confirmed its plans to operate in Bulgaria, according to an announcement by the Ministry of Economy on October 5.

"Until now, Bulgaria was proud that 9 out of 10 cars in Europe had parts manufactured in our country. Very soon we will be able to say that every European car has Bulgarian parts in it because we have confirmation from a new investor who is a global manufacturer in the automotive industry," caretaker Minister of Economy and Industry Nikola Stoyanov said during a seminar for newly recruited members of the foreign diplomatic corps in Bulgaria, organised by the Diplomatic Institute at the Ministry of Foreign Affairs.

The Minister of Economy pointed out to the foreign diplomats that Bulgaria is a very attractive place for investment - third in the world in IT specialists per capita and in the top 10 countries with highly educated software engineers in Europe.

"I hope we will work together on many projects. Bulgaria is at a very important moment in its development and I would say a key one for attracting foreign investment," he said.

In conclusion, caretaker Minister Stoyanov wished the diplomats every success and said that his door is always open to them and the business representatives from their countries.